Whether a Nominee Director can be prosecuted in case of dishonourment of cheques merely because he is a director, where cheques issued by the company before the resignation of nominee Director and dishonourment takes place after such resignation?
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director
nominee
against
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3 One Person Company
(1) Only a natural person who is an Indian citizen 3[whether resident in India or otherwise]
(a) shall be eligible to incorporate a One Person Company;
(b) shall be a nominee for the sole member of a One Person Company.
Hi All,
As per the above amendments, this means even a NRI can act as Nominee of OPC right? But when i download form INC-3 it says in the declaration that they have to be resident in india..
please clarify. I have to incorporate an OPC with Indian resident as Director/Member but the nominee is a Non-resident.. any idea whether allowed or not
Hi Members,
Please confirm if a shareholder can have more than 1 nominee shareholder in SH-13. Like division of total shares between 2-3 nominees with different percentages.
shareholder
nominee
Hi Members,
Please confirm if a shareholder can have more than 1 nominee shareholder in SH-13. Like division of total shares between 2-3 nominees with different percentages.
shareholder
nominee
Dear colleagues,
Please send MOA of OPC after amendment in Nominee details in June 21.
Dear Members,
Under Companies Act, 2013, the appointment of a nominee director is made in accordance with section 161(3) .
A nominee director is “nominated” by a nominator. The nominator has all the rights with respect to appointment, removal, resignation or cessation and the terms and conditions of appointment form part of a long term agreement or a shareholders’ agreement entered into with the investee company.
My query is an alternate director can be appointed as nominee director?
Dear All
In LLP, there is a body corporate partner and that body corporate partner wants to change its nominee in LLP.
Does it require the execution of Supplementary LLP Agreement or a board resolution of the body corporate partner for change in nominee will be sufficient?
Further, will it require only Form 4 or both Form 3 & 4 as linked form to be filed with ROC ?
Please advise.
Dear Members,
Please share your views on the following.
As per the strict construction of Section 161(3) a nominee director can be appointment by any Institution (the word is institution and not financial institution, the word Financial Institution is defined in the Act, whereas mere Institution is not.)
As per some dictionaries, the word institution means an organization or corporation, whether for profit or not.
On this background, can an investor company appoint a nominee director on the investee company? If yes, is there a requirement of pre-existing agreement for appointment of nominee director or mere fact that there is interest of investor in investee company, which investor company wants to protect by appointing nominee director, is a sufficient reason to appoint nominee director.
Please guide.
director
nominee
appointment
Hello,
Whether the Nominee of Body Corporate Should have DIN or we can appoint the Nominee by inserting the PAN or Passport Number in Form 4 LLP
Dear Members
There is a transfer of one share from a Non-Resident Nominee Shareholder to another Resident Nominee Shareholder.
Queries:
1. Will there be a transfer of money from Resident Buyer to Non-Resident Seller for that one share?
2. Will FCTRS be required to be filed for transfer between nominee shareholders
shareholder
nominee
fctrs
shares
transfer
Dear Members,
What are the Documents of nominee required to incorporate OPC.
--
Regards,
incorporate
required
nominee
documents
Dear Members,
What are the Documents of nominee required to incorporate OPC.
--
Regards,
incorporate
required
nominee
documents
